If you are planning to visit Australia for a holiday and some winter sun this year then you will be pleased to know that the Pounds to Australian Dollars Exchange Rate has improved over the last year which will give you more Australian Currency now compared with last year.
The following chart from XE.com highlights the gradual increase from last year where the Australian Dollar Exchange Rate was around 1.74 against the GBP and now more recently it is around 2.13 again against the GBP which is an increase of around 22%.
The Australian Dollar Exchange Rate Over The Last Year from XE.com
In monetary terms if you were taking £1000 worth of Australian Dollar spending money then this would be worth around 390 Australian Dollars more than last year which is a great increase for UK families looking to visit Australia on holiday this winter or if you are looking to Send Money to Australia from the UK for business or personal reasons.
Although, the Pounds to Australian Dollars Exchange Rate is not quite back to where it was before the 2008 financial crisis where most western countries like the UK, Europe and the USA suffered dramatic decreases in their exchange rate values and currencies. The Australian economy on other hand continued to grow which made it difficult for people from the UK to travel to Australia as we all had less money to spend and the GBP was effectively worth a lot less than it was before the financial crisis.
The following chart from XE.com highlights the Pounds to Australian Dollars Exchange Rate over the last ten years and as you can see in 2008 the GBP to AUD rate was at its highest around 2.64 against the GBP and then you can see the gradual decline in the value of the Pound against the Australian Dollar in the years after.
The Australian Dollar Exchange Rate Over The Last Ten Years from XE.com
Despite the financial crisis of 2008 Australia still remains the number one place where most British Expats emigrate to for either work, to live or for a travelling gap year following a recent Home Office survey and infographic from Currency Fair which we have published on our blog. The blog post highlights how many people emigrated to Australia between 1991 to 2010, the reasons why they emigrated and what types of jobs they left the UK for as well.
If you are travelling to Australia for just a holiday on this occasion and you are ready to buy Australian Currency then you might like to know how much your Australian Currency Cash is worth against using your Bank Debit Card, Credit Card or even an Australian PrePaid Currency Card.
The following blog post called Pounds to Australian Dollars Exchange Rate Infographic Guide highlights how much your Australian Dollar Currency Cash is worth against all the other payment methods and you will notice that Currency Cash still offers the best value against other traditional payment methods which we are all used to using here in the UK.
Although, it is worth remembering that having a Bank Debit Card or Credit Card to hand just in case of an emergency is a good idea especially if you have to pay for unexpected medical bills in advance of claiming travel insurance for example. If you do return from your holiday in Australia with left over travel money and you don’t plan on returning again in the future then you can always sell back your unwanted currency using our Sell Currency comparison table which highlights all the best UK Buy Back Currency Suppliers to help you find the best Australian Dollar Exchange Rates.